The revised distribution replaces the previous rate of 18 cents, effectively bringing the company’s total annual payout to 80 cents per share. Based on Wednesday’s closing stock price of $60.26, the hike elevates Knight-Swift’s annual dividend yield to approximately 1.33%, up from the previous 1.19%.

Dividend Schedule and Eligibility

According to the official announcement, the increased dividend is scheduled for payment on March 23. To qualify for the distribution, investors must be shareholders of record as of the close of business on March 6.

The Phoenix-based transportation firm confirmed the board's decision as part of its regular assessment of capital allocation. By raising the quarterly distribution, the company continues to prioritize direct value delivery to its investor base while maintaining its operational scale in the North American trucking sector.